Question 3

1. Table 7-3 Alton Company had the following activity in its inventory account during April 20X9. Cost per Date Activity Units Unit Cost Total April 1 Beginning inventory 100 $3.00 $300 April 3 Purchase 40 3.10 124 April 7 Sale 50 April 12 Purchase 50 3.20 160 April 16 Sale 70 April 23 Sale 40 April 30 Purchase 60 3.30 198 Units in beginning inventory 100 units Units purchased 150 units Units sold 160 units Referring to Table 7-3, what is the ending inventory at April 30, 20X9, for Alton Company if the company uses periodic weighted average as its inventory valuation method (round all calculations to the nearest penny)?

   		$281.70
   		$294.00
   		$290.22
   		$290.70
   		$285.60